Posted on 04/09/2020 12:26:28 PM PDT by lowbridge
Any Politician who tries to raise taxes when were going into an economic depression is toast. Even in Ca.
Dont they also have a pension problem?
Massive, and Calpers is taking a big hit in the stock market like everyone else.
In California the Public employee unions and the illegal alien lobby run the state.
Aided by public ignorance and apathy.
But when things actually threaten a majority of people, the dummies wake up fast.
That is California politics in a nutshell.
What? Well, a lot of folks I know who are baby-boomers are saying they want full retirement now, no more working. that means lots of new pension applications and lots more payments in “cash” from a dwindled pot of money. Actuarial rules require the State and local agencies to have certain reserves and rebuild the pension funds.
Soon it will become known that money for illegals is going to come out of public employee pensions. When that happens the political system in California is going to explode..
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